LAIKI BANK OF CYPRUS CLOSED - BILLIONS LOST... BUT ON WHAT????

HERE'S A CLUE - FROM THE BANK'S WEBSITE:

Loans for the Utilisation of Renewable Energy Sources Colour it Green 

Thanks to the hundreds of hours of sunshine we enjoy in Cyprus every year, the generation of electricity via photovoltaic panels is an extremely effective way of harnessing the power of the sun and taking full advantage of this abundant and valuable energy source.As part of its Colour-it-Green range of products, Laiki Bank has designed a special loan scheme for the purchase and installation of photovoltaic equipment, enabling you to buy and install the system you want so as to start producing your own electricity. The loan also provides finance for the purchase of other equipment designed to utilise renewable energy sources, such as solar thermal and small wind systems.The loan is available to private individuals who are permanent residents of Cyprus. It is also offered to legal entities engaged in economic activity within the Republic of Cyprus. Whether you are interested in installing a small photovoltaic system at your home or business premises or are considering investing in a much larger system installed on a plot of land – a “photovoltaic park” –  Laiki Bank can help support you.

NO WONDER THE LAIKI BANK WENT BELLY-UP: THE BANK MADE CRAPPY - IDIOTIC - LEFT-WING INSPIRED, SOCIALISTIC LOANS FOR CRAP NO ONE ON EARTH REALLY NEEDS.

AND NO SANE INVESTOR - INVESTING HER OWN HARD-EARNED MONEY - WOULD MAKE.

OF COURSE, THE POLITICALLY CONNECTED BUSINESSMEN/CO2-CHARLATANS WHO MADE THE SOLAR CRAP "EARNED" MILLIONS.

BTW: THIS TYPE OF SOLAR-BASED BANK CRISIS WOULD HAVE HAPPENED HERE EXCEPT OUR BANKS DIDN'T MAKE A LOT OF THESE IDIOTIC, CRAPPY CO2PHOBIC LOANS.

OBAMA DID - WITH TAXPAYER MONEY, AND HE LOST MORE THAT THE LAIKI BANK!